Expectations and business cycles
byAccording to the Austrian Business Cycle Theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Economics
Can’t argue with a confident man
by“I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue…
Will a GDP Futures Market Be Liquid?
byAt the Cato Monetary Conference this week, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market…
Look ma – no rules !
by“Hell, there are no rules here – we’re trying to accomplish something.” – Thomas Edison. Operating outside of a rule book may be…
The truth about GDP
by“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime…
Seek and ye shall find
by“A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater,…
Zero Hedge: What Will Happen To Corporate Profits If The Fed Hikes In December
bySource: http://www.zerohedge.com/news/2015-11-20/what-will-happen-corporate-profits-if-fed-hikes-december Q3 will be the first quarter in which the US officially suffers an earnings recession: two consecutive quarters of declining annual EPS…
Advice to the Prime Minister/President
byYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice…
How Do People Destroy Their Capital?
byI have written previously about the interest rate, which is falling under the planning of the Federal Reserve. The flip side of falling interest…
Doubtful
by“Sir, Martin Wolf writes: “It may be hard to avoid crises but it is vital to make them both small and rare.” (“In the…